Emerald Acquisition Ltd. purchased a new position in shares of KLA-Tencor Corp. (NASDAQ:KLAC) during the second quarter, Holdings Channel reports. The institutional investor purchased 31,556 shares of the company’s stock, valued at approximately $2,311,000.
Other institutional investors also recently made changes to their positions in the company. Keating Investment Counselors Inc. increased its position in KLA-Tencor Corp. by 1.6% in the second quarter. Keating Investment Counselors Inc. now owns 67,050 shares of the company’s stock valued at $4,911,000 after buying an additional 1,075 shares during the period. New Mexico Educational Retirement Board increased its position in KLA-Tencor Corp. by 5.2% in the second quarter. New Mexico Educational Retirement Board now owns 18,180 shares of the company’s stock valued at $1,332,000 after buying an additional 900 shares during the period. Navellier & Associates Inc acquired a new position in KLA-Tencor Corp. during the second quarter valued at $211,000. KBC Group NV increased its position in KLA-Tencor Corp. by 117.1% in the second quarter. KBC Group NV now owns 50,881 shares of the company’s stock valued at $3,727,000 after buying an additional 27,443 shares during the period. Finally, Swiss National Bank increased its position in KLA-Tencor Corp. by 7.7% in the second quarter. Swiss National Bank now owns 436,326 shares of the company’s stock valued at $31,961,000 after buying an additional 31,100 shares during the period. Institutional investors and hedge funds own 85.98% of the company’s stock.
KLA-Tencor Corp. (NASDAQ:KLAC) traded down 1.59% on Thursday, reaching $68.74. 3,024,440 shares of the company traded hands. The firm has a 50 day moving average price of $69.39 and a 200 day moving average price of $71.81. KLA-Tencor Corp. has a 52-week low of $48.73 and a 52-week high of $77.85. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 15.31 and a beta of 1.54.
KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.42 by $0.35. The firm had revenue of $919.17 million for the quarter, compared to analysts’ expectations of $842.10 million. KLA-Tencor Corp. had a net margin of 23.60% and a return on equity of 159.94%. KLA-Tencor Corp.’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. Equities research analysts predict that KLA-Tencor Corp. will post $4.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, August 11th. This represents a $2.08 annualized dividend and a yield of 2.98%. KLA-Tencor Corp.’s payout ratio is presently 46.33%.
Several equities analysts have weighed in on the stock. B. Riley restated a “neutral” rating and set a $78.00 target price on shares of KLA-Tencor Corp. in a report on Tuesday, August 2nd. Credit Suisse Group AG restated a “hold” rating and set a $82.00 target price on shares of KLA-Tencor Corp. in a report on Friday, July 29th. Zacks Investment Research downgraded shares of KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Pacific Crest restated a “hold” rating on shares of KLA-Tencor Corp. in a report on Friday, July 29th. Finally, Deutsche Bank AG raised their target price on shares of KLA-Tencor Corp. from $72.00 to $78.00 and gave the company a “hold” rating in a report on Friday, July 29th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $73.46.
In other KLA-Tencor Corp. news, CFO Bren D. Higgins sold 363 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $72.23, for a total transaction of $26,219.49. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.
About KLA-Tencor Corp.
KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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